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Wednesday, April 4, 2012

Scotiabank seeks growth in Asia, Brazil, Chile, (NYSE: BNS)

Bank of Nova Scotia could enter new markets in Asia as it expands its international footprint, and will not be held back by concerns about its capital levels, the bank's head of international banking told Reuters."There's a couple of countries in Asia that may be appealing," Brian Porter said in an interview."We want to be bigger in Brazil, we want to be a bigger bank in Chile. If there was another round of consolidation in Mexico, we'd definitely want to participate."With foreign operations that span more than 50 countries, Porter oversees a personal and commercial banking network that all but blankets Latin America and is growing quickly in Asia, bringing truth to Scotiabank's claim as being "Canada's most international bank".

The Bank of Nova Scotia (the Bank) is a diversified financial institution. Shares of BNS remained unchanged at $56.01. In the past year, the shares have traded as low as $45.79 and as high as $62.33. On average, 590138 shares of BNS exchange hands on a given day and today's volume is recorded at 0.



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